earnings
confidence high
sentiment positive
materiality 0.75
Grand Canyon Education Q2 EPS $1.19 vs $0.96; revenue $227.5M, up 8%
Grand Canyon Education, Inc.
2024-Q2 EPS reported
$3.48
revenue$502,138,000
- Service revenue $227.5M, up 8.0% YoY; net income $34.9M, up 20.4%; diluted EPS $1.19 vs $0.96.
- Total enrollments at 106,307 (+6.8%); GCU online enrollments up 7.5% to 95,279; off-campus site enrollments up 12.1%.
- Operating income $42.7M (18.8% margin) vs $35.4M (16.8%); adjusted EBITDA $58.5M, up 22.6%.
- Full-year 2024 guidance: revenue $1,026.6M-$1,034.1M; diluted EPS $7.63-$7.81; adjusted EPS $7.88-$8.07.
- Executive resignation resulted in $1.1M severance in Q2; 43 off-campus classroom/lab sites as of June 30.